There are few times in life that are as exciting and full of promise as the period of wedding and newlywed planning. People know that their wedding day will be one of the most remembered of their lives. While there is certainly stress involved in making so many decisions, there is also an underlying sense of fun.
Unfortunately, there are some aspects of newlywed planning that are not quite as enjoyable as others. Still, paying attention to things like estate planning and prenuptial agreements help to set up the marriage in a healthy way. Some people will argue against that notion, but marriage lawyers in Atlanta GA have seen the benefits of this kind of preparation.
The prenup itself is a legal contract between the two parties who plan to be married. Just what is covered in the document will depend on you and your future spouse and your circumstances. For example, if this is your first marriage and there are no children involved, your needs will be different than for couples whose marriages will be blending families with stepchildren.
The idea of a prenup is generally to determine how property will be divided should the marriage not survive. It also takes into consideration things such as spousal support that might be extended and the circumstances surrounding it.
State laws vary quite a bit when it comes to prenups, so it’s really important for Atlanta, Georgia, couples to find an attorney that practices within the state. Actually, you will want to find two separate lawyers, as each prospective spouse should have his or her own representation. This is important, not just because it protects each individual’s best interests up front, but because if and when the prenup needs to be upheld, the courts are much more likely to honor it for the same reason.
Not Just for Marriages that End
One mistaken notion that many people have is that prenuptial agreements are only useful if the marriage comes to an end. What commonly gets overlooked is that it is actually a useful tool in avoiding divorce. When couples take the time to outline their thoughts about the financial aspects of their upcoming marriage, they are better able to get on the same page about money, fidelity, and other important topics that the marriage lawyers are going to bring up for discussion.
We help lots of prospective brides or grooms in and around Atlanta plan for their futures together with prenuptial agreements. If you’d like our help, please call us at 770-425-6060.
Image courtesy of imagerymajestic / FreeDigitalPhotos.net
If you are self-employed, or otherwise in need of individual health insurance coverage, how do you go about finding the best plan?
1. Learn the language:
HMO – Health Maintenance Organization. This is a very structured plan where you pick a PCP (Primary Care Physician), the doctor you see first for everything. The PCP refers you to a specialist.
PPO – Preferred Provider Organization. This is less restrictive than an HMO. You self-refer to any physician in the network for care.
Indemnity Plan – The old traditional plan before managed care. You go to any doctor or hospital. There are not many of these left, and they cost the most.
Hospital/Surgical Plan – These plans cover the basics with few bells and whistles. Some provide riders to make them look like major medical plans.
MSA – Medical Savings Plan – These plans were designed by Congress. You have a high deductible health plan coupled with a tax-deductible savings plan.
Temporary Health Insurance – A great low cost alternative for those needing coverage for one to twelve months or who cannot qualify for long term coverage.
The above ary very general descriptions to help explain the different options. Not all plans are available in all states.
2. Select the best type of plan for you:
This will depend on the length of time you need the coverage; how much money you have in savings or are willing to risk; your plans for having children; the doctors your prefer; cost; and most importantly your health.
If you are planning a family – Having maternity coverage is a must. An HMO will almost always provide the lowest cost, as maternity is built into the cost.
If you are between jobs – A temporary plan is the best way to go.
If you prefer a particular doctor or hospital – A PPO may be the best way to go.
If money is tight – A Hospital/Surgical Plan, HMO, Temporary Plan, or high deductible PPO may be options for you.
If you want complete freedom – and money is no factor, then an Indemnity Plan is best.
If you hardly ever use your plan – and you wish you had all the money back, then an MSA may be best for you.
If you have minor problems – that would be pre-existing conditions with most plans, an HMO might not consider these as problems.
If an HMO will not take you – a PPO, Indemnity, Hospital/Surgical or MSA may take you, but rider the condition.
3. Find out what it will cost:
To find out what it will cost, contact an agent in your state.
To avoid any surprises at claim time, it is important to provide accurate information. Do not give an insurance company an excuse not to pay!